The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $53 per share. What effects will the distribution of the stock dividend have on the equity accounts? 

Common stock ($1 par value) .................... $ 245,000
Capital surplus ................................................ 618,000
Retained earnings ....................................... 2,758,300
Total owners’ equity ................................. $3,621,300